14930-14936 Northern Blvd 8,500 SF 100% Leased Office Building Flushing, NY 11354 $5,500,000 ($647.06/SF)

Calling All Investors, Developers & End-Users!!! 12 Unit 8,500 Sqft. Shopping Center For Sale On Prestigious Northern Blvd.!!! The Property Is Located In The Heart Of Downtown Flushing With 65+ Feet Of Frontage On Northern Blvd.!!! The Building Features Excellent Signage, Great Exposure, Strong R6A/C2-2 Zoning, 2 Stories, 18 Parking Spaces, High 12’ Ceilings, All New LED Lighting, Elevator, 3 Phase Power, CAC+++!!! Neighbors Include UPS, Nike, Cathay Bank, East West Bank, Sheraton Hotels, Stop & Shop, Macy’s, Life Storage, Dunkin’, AutoZone, 7-Eleven, Mobil, Shell, IHOP, Taco Bell, McDonald’s, Domino’s, Wendy’s, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!!
Income:
LL:
Acupuncture (2 Stores 1,200 Sqft.): $43,200 Ann. Lease Exp.: 4/1/28.
Auto Sales (550 Sqft.): $31,200 Ann. 3% Annual Increase. Lease Exp.: 2/1/26 + 3 Year Option.
Veterinarian (500 Sqft.): $32,400 Ann. 3% Annual Increase. Lease Exp.: 6/1/27.
1st Floor:
Store (600 Sqft.): $188,000 Ann. (Available)
Terrace (1,400 Sqft.): $55,200 Ann. (Available)
Cinderella Hair Salon (2 Stores 800 Sqft.): $76,800 Ann. 3% Annual Increase. Lease Exp.: 3/1/31. They Pay Their Own Water (Separate Meter).
2nd Floor:
Dentist: (2 Stores 900 Sqft.) $56,400 Ann. 3% Annual Increase. Lease Exp. 2/1/28 + 5 year option. Been Here 15 Years So Far.
12 Parking Spaces: $25,200 Ann. $1,200 Increase Every 3 Years.
Clothing Store Simply B: (450 Sqft.) $34,800 Ann. M-M. Been Here 15+ Years So Far.
Skin Care: (400 Sqft.) $44,400 Ann. 3% Annual Increase Every 2 Years. Lease Exp.: 12/1/27 + 5 Year Option.
Expenses:
Gas: $2,000 Ann.
Electric: $2,000 Ann.
Water: $2,500 Ann.
Trash: $3,180 Ann.
Elevator: $5,200 Ann.
Insurance: $7,200 Ann.
Taxes: $90,879.60 Ann.
Total Income: $428,000 Ann.
Total Expenses: $112,959.60 Ann.
Pro Forma Net Operating Income (NOI)
:$315,040.40 Ann.